BEIJING — U.S. Treasury Secretary Janet Yellen mentioned Monday that future discussions between the U.S. and China will concentrate on Beijing’s must shift its coverage on trade and the financial system.

“We intend to underscore the necessity for a shift in coverage throughout these talks — constructing on the over two hours I spent on this subject with the Vice Premier final week,” she mentioned in ready remarks for a press convention Monday, as she wrapped up the fourth and remaining full day of her journey to China.

She arrived in Guangzhou on Thursday and is ready to depart Beijing on Tuesday.

Yellen mentioned her conversations with Chinese language officers throughout her journey mentioned plans Beijing had for its financial system. However she didn’t elaborate.

Throughout her journey, Yellen met with high Chinese language officers together with Chinese language Premier Li Qiang in Beijing and Chinese language Vice Premier He Lifeng in Guangzhou.

“Over the previous yr, now we have put our bilateral relationship on extra steady footing,” Yellen mentioned in ready remarks for her assembly with Chinese language Premier Li Qiang in Beijing on Sunday.

“This has not meant ignoring our variations or avoiding robust conversations,” she mentioned. “It has meant understanding that we are able to solely make progress if we instantly and overtly talk with each other.”

In a readout from China, Li mentioned Beijing hoped the U.S. would abide by market financial system norms and keep away from politicizing commerce points. He mentioned the event of China’s new vitality trade will make essential contributions to international carbon neutrality efforts.

The U.S. and China agreed to “intensive exchanges on balanced development within the home and international economies,” in line with a Treasury readout following Yellen’s conferences in Guangzhou with Chinese language Vice Premier He Lifeng.

The 2 nations additionally agreed to “begin Joint Treasury-PBOC Cooperation and Alternate on Anti-Cash Laundering to increase cooperation towards illicit finance and monetary crime,” the readout mentioned.

The Chinese language aspect didn’t explicitly point out such agreements, however mentioned each side deliberate to take care of communication. Beijing additionally “expressed severe issues” about U.S. commerce restrictions.

The Chinese language readout described the talks as “constructive,” and famous conversations about “balanced financial development,” “monetary stability” and “anti-money laundering.” That is in line with a CNBC translation.

The U.S. Treasury secretary additionally met Minister of Finance Lan Fo’an, the mayors of Beijing and Guangzhou, representatives of U.S. companies and professors and college students at Peking College through the go to.

This can be a growing story. Please examine again for updates.